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17 October, 14:41

Hope's employer deposits her paycheck directly into her checking account. How much would her employer have deposited into Hope's checking account on the most recent payday of 5/21/18?

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  1. 17 October, 18:19
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    The amount of $284.79, is the amount that is deposited into the checking account by the employer.

    Explanation:

    Checking account is the kind of deposit account which is held at the financial institution and it allows deposits as well as withdrawals. It is also referred to as the transactional accounts or the demand accounts.

    So, in this case, employer deposit the pay check directly into the checking account. The amount which the employer deposited into the checking account would be $284.79.

    It is computed as:

    = Total income - Current deductions

    = $600.00 - $315.21

    = $284.79

    NOTE: In the above question, the Earnings Statement is not given. But I have taken the figures from the statement and providing the answer.
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